The wars that occur all around the world not only can destroy countries and cities but can cause a country to fall into debt. When a country is in debt it can cause a recession or depression, which means people can lose their jobs. In the United States the government has spent massive amounts of money on wars, especially the two we are fighting now.In an article published by the Washington Post, experts say that the war in Iraq will reach over three trillion dollars. Based on research, I see how wars can make a places economy crumble to pieces.
The wars that are currently going on in the United States have cost people over one trillion dollars so far and that number continues to rise everyday. The New York Times published various articles showing the amount of money the United States has spent on all their wars. One graph shows that the wars in Iraq and Afghanistan cost 1.15 trillion dollars and are the second most expensive war, only behind World War Two. According to Joseph Stiglitz, as of February, 2010 we spent around 2 billion dollars per week to 12 billion dollars per month. There is also a real time estimation called the cost of war which shows the cost of these two wars. At the rate we are going, the Iraq war alone can cost us trillions of dollars.
Some experts have predicted that the cost of the war in Iraq can reach over 3 trillion dollars. The cost of this war is already hundreds of billions of dollars and that number continues to rise every minute. Through September of this year, the government has spent 900 billion dollars on just the war in Iraq. Joseph Stiglitz wrote an article in the Washington Post about his estimation might have been to low. With all the spending on wars an economy can really suffer.
Wars can really destroy an economy. with all the spending on wars, things that were once cheap are now skyrocketing in price. In a News paper article President Obama had said the price of gas is four times as much as it was before the war In Iraq. Almost everybody has a car so that increase in price can really be devastating. A huge thing that is affected by the war is the stock market. Due to the war, many stocks plummet. Even when they only go down a little bit it can cost a lot of money.
Wars, especially the ones occurring right now, can cause an economy to fall apart. War like the ones in Iraq and Afghanistan can cost trillions of dollars and many experts are expecting that to happen in the future. These wars can also affect the stock market and the price of many things.
The wars that are currently going on in the United States have cost people over one trillion dollars so far and that number continues to rise everyday. The New York Times published various articles showing the amount of money the United States has spent on all their wars. One graph shows that the wars in Iraq and Afghanistan cost 1.15 trillion dollars and are the second most expensive war, only behind World War Two. According to Joseph Stiglitz, as of February, 2010 we spent around 2 billion dollars per week to 12 billion dollars per month. There is also a real time estimation called the cost of war which shows the cost of these two wars. At the rate we are going, the Iraq war alone can cost us trillions of dollars.
Some experts have predicted that the cost of the war in Iraq can reach over 3 trillion dollars. The cost of this war is already hundreds of billions of dollars and that number continues to rise every minute. Through September of this year, the government has spent 900 billion dollars on just the war in Iraq. Joseph Stiglitz wrote an article in the Washington Post about his estimation might have been to low. With all the spending on wars an economy can really suffer.
Wars can really destroy an economy. with all the spending on wars, things that were once cheap are now skyrocketing in price. In a News paper article President Obama had said the price of gas is four times as much as it was before the war In Iraq. Almost everybody has a car so that increase in price can really be devastating. A huge thing that is affected by the war is the stock market. Due to the war, many stocks plummet. Even when they only go down a little bit it can cost a lot of money.
Wars, especially the ones occurring right now, can cause an economy to fall apart. War like the ones in Iraq and Afghanistan can cost trillions of dollars and many experts are expecting that to happen in the future. These wars can also affect the stock market and the price of many things.